Monty industries collected $105,000 from customers in 2019. of the amount collected, $24,800 was for services performed in 2018. in addition, monty performed services worth $39,200 in 2019, which will not be collected until 2020. monty industries also paid $70,200 for expenses in 2019. of the amount paid, $29,800 was for expenses incurred on account in 2018. in addition, monty incurred $43,900 of expenses in 2019, which will not be paid until 2020.

(a) compute 2014 cash-basis net income. cash-basis net income $
(b) compute 2014 accrual-basis net income. accrual-basis net income $

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)